In 2024, the real estate sector in the Emirate of Sharjah is projected to demonstrate exceptional growth, with a record volume of transactions reaching 40 billion dirhams. This exceptional growth is 48% compared to 2023. The Director of the Main Management of Real Estate Registration in Sharjah, Abdulaziz Ahmed Shamsi noted that the transaction volume represents the highest achieved in the real estate sector in the emirate since 2008. The growth in transactions reflects the increasing interest of investors from various nationalities in purchasing various types of real estate in Sharjah. Investors are attracted by the sustainable investment environment and the economic climate of the emirate. Shamsi also noted that the constant increase in real estate transaction volumes indicates investors' confidence in the real estate market in the emirate and their willingness to invest in Sharjah. This positive trend predicts further growth in transaction volumes in real estate in the future. The growth of the population in the emirate in demand for real estate aligns with significant investments in infrastructure projects, such as road development and public facilities. In 2024, the number of nationalities participating in transactions reached 120, which is a record indicator, including a variety of proposed real estate products. For nationalities, the United Arab Emirates accounted for a total transaction volume of 19.2 billion dirhams, Arabs 7 billion dirhams, and foreign investors 11.5 billion dirhams. The numbers also reflect the diversity of nationalities participating in transactions. Analyzing the statistics for real estate projects in Sharjah in 2024, 14 new projects of various uses were registered. In total, 20,197 transactions involving real estate were completed in development projects in the emirate. It is important to note that an increased number of projects permitted for ownership by all nationalities, up to 25 projects, includes both complexes and towers with residential, commercial, and industrial designations. Overall, the successful development of the real estate market in Sharjah demonstrates investor confidence, stability in the local economy, and a favorable investment environment in the emirate.
